Car finance is a loan that covers most or all of the price of a car, repaid over a set term with interest. LDM Finance submits one application across a panel of lenders, including UDC Finance, Marac and Avanti Finance, to find a repayment that suits your budget. It works for personal and business buyers.
Who qualifies
✓New Zealand residents buying a car for personal or family use
✓PAYE employees with steady income and a clean recent credit record
✓Sole traders and business owners using a car for work and private trips
✓Buyers financing a car that holds its value reasonably well
Car finance is a loan that covers most or all of a car purchase, repaid over a set term with interest. LDM Finance submits one application across a panel of lenders, including UDC Finance, Marac and Avanti Finance, and matches you to a suitable lender. The car is usually the security for the loan.
It depends on your full situation, not one factor alone. Lenders weigh income, existing commitments and recent credit history together. A past issue does not always rule you out, and a deposit or a lower loan amount can help. We present your application clearly to the lender most likely to consider it. Approval is never guaranteed.
Not always. Several lenders on our panel offer zero deposit finance, where the loan covers the full price. A deposit lowers your repayment and total interest, so it is worth weighing against keeping cash on hand. We can model both before you commit.
Yes. Many sole traders and business owners use one car for work and family use. We structure the finance around who the applicant is and how the car is used, so the paperwork and the lender match your situation. Talk to your accountant about which running costs you can claim.
LDM Finance works with a panel of lenders and is not a lender. Approvals are subject to responsible lending inquiries. Each lender's eligibility criteria, fees, terms and conditions apply. All figures are indicative only, at a representative rate of 12.95% per annum, and do not constitute an offer of finance. Finance wording follows UDC Finance's standard guidance and remains subject to UDC marketing review.
